The US Department of Justice (DOJ) restrained more than $700 million in crypto and filed wire fraud conspiracy charges against two Chinese nationals who allegedly managed scam compounds.
US Attorney Jeanine Ferris Pirro, Assistant Attorney General A. Tysen Duva, and partners announced the coordinated actions alongside Treasury and State Department measures aimed at dismantling Southeast Asia's compound-based fraud network.
The Scam Center Strike Force announced the enforcement push against transnational criminal groups accused of stealing billions from American victims.
Huang Xingshan and Jiang Wen Jie allegedly managed the Shunda compound in Min Let Pan, Burma, between January and November 2025. They also use the aliases "Ah Zhe" and "Jiang Nan," according to the press release.
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Prosecutors say one American victim lost more than $3 million to a worker managed by Jiang. The two defendants also tried to establish a second compound in Cambodia. Investigators seized 503 websites that hosted fraudulent investment platforms.
Authorities also took control of a Telegram channel with over 6,000 followers. The channel recruited victims into a Cambodia-based scheme that posed as law enforcement.
FBI Co-Deputy Director Christopher G. Raia described the actions as a significant blow to transnational criminal organizations targeting American citizens.
“We have taken down more than 500 websites used to steal people’s savings. And my Office continues to work to identify funds stolen from victims, having now caused restraint of more than $700 million in cryptocurrency involved in money laundering from US victims of fraud. This Administration is lock-step in combatting these scams, and we are not done,” US Attorney Jeanine Pirro said.
In addition, the Treasury Department's Office of Foreign Assets Control (OFAC) designated Kok An, a Cambodian senator accused of controlling scam compounds across the country.
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Read the Original story US Crackdown on Southeast Asian Scam Centers Nets $700 Million Crypto Seizure by Kamina Bashir at beincrypto.com